When $1 is invested in an account over a 10-year period, the amount A in the account
Chapter 4, Problem 23(choose chapter or problem)
When $1 is invested in an account over a 10-year period, the amount A in the account after t years is given by
\(A=1+0.075 t \quad \text { or } \quad A=e^{0.07 t}\)
depending on whether the account pays simple interest at \(7 \frac{1}{2} \%\) or continuous compound interest at 7%. Use a graphing utility to graph each function in the same viewing window. Which grows at a greater rate?
Text Transcription:
A = 1 + 0.075t or A = e^0.07t
7 1/2%
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